Two Sigma Securities LLC Reduces Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Two Sigma Securities LLC trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 64.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,216 shares of the company's stock after selling 11,329 shares during the period. Two Sigma Securities LLC's holdings in Mr. Cooper Group were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Mr. Cooper Group during the 4th quarter worth about $72,984,000. Veridan Wealth LLC purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $56,244,000. Wellington Management Group LLP raised its position in shares of Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after buying an additional 343,243 shares during the last quarter. Lodge Hill Capital LLC lifted its stake in shares of Mr. Cooper Group by 315.6% during the fourth quarter. Lodge Hill Capital LLC now owns 166,640 shares of the company's stock valued at $15,999,000 after buying an additional 126,540 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after acquiring an additional 125,897 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on COOP. JMP Securities restated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. UBS Group increased their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Stock Up 1.7 %

Shares of COOP stock traded up $2.08 during mid-day trading on Thursday, reaching $121.09. The company's stock had a trading volume of 281,931 shares, compared to its average volume of 570,763. The company's 50 day simple moving average is $111.76 and its 200-day simple moving average is $102.93. Mr. Cooper Group Inc. has a 12-month low of $76.85 and a 12-month high of $137.60. The firm has a market capitalization of $7.75 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the previous year, the firm posted $2.73 earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Mr. Cooper Group Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.